The U. S. and Iran have exchanged air attacks for a second consecutive day, breaking the fragile truce that had been in place since April. A U. S. Apache helicopter was shot down near the Strait of Hormuz earlier this week, sparking a chain reaction of strikes on both sides. President Trump wa
Rising global oil costs have pushed more countries to add biofuels to gasoline. Governments in America, Indonesia, Brazil and Thailand now require extra plant-based fuel to be mixed into regular petrol. This move follows attacks that disrupted Middle East oil routes and pushed crude toward $100 a ba
President Trump claimed that fresh attacks from Israel and Iran would not derail his administration’s negotiations with Tehran, asserting that Israeli Prime Minister Benjamin Netanyahu “doesn’t call the shots. ” He has urged Israel to pause its operations in Lebanon so that a broader agreement wi
A fresh round of airstrikes between the U. S. and Iran sent shockwaves through global markets last week. Oil prices jumped nearly 4% after Iran struck back at an American base in retaliation, raising fears that shipping routes in the Strait of Hormuz could become unstable. The strait is a critical o
Pakistan’s foreign minister met with Iran’s counterpart on Friday, aiming to push forward a plan that could bring an end to the war between the United States and Israel. The talks come at a time when Washington and Tehran still clash over Iran’s uranium stockpile and the control of the Strait of Hor
A surge in speculation has pushed crude oil to new highs. Traders now see a 63 % chance that West Texas Intermediate (WTI) will exceed $110 per barrel this month, up from 59 % the day before. The probability of a $115 barrier has also climbed, from 33 % to 42 %, while the chance of hitting $12
The Group of Seven finance ministers and central bank governors will gather in Paris next week to discuss a surge in long‑term borrowing costs that has rattled global markets. The meeting comes as the conflict between Iran and its rivals continues to disrupt oil flows through the Strait of Hormuz, a
Trump quickly shot down Iran’s reply to a U. S. peace plan, saying it was “totally unacceptable. ” The president posted the comment on Truth Social and gave no extra explanation. Iran’s response called for an end to fighting everywhere, especially in Lebanon where Israel battles Hezbollah figh
President Trump declared that a swift end to the conflict with Iran was likely, as Tehran considers a United States proposal. The plan would formally close hostilities but does not address the United States’ key demands, such as halting Iran’s nuclear program and reopening the Strait of Hormuz. An I
President Trump met with business owners in the White House’s East Room, bragging that his tax cuts and rule‑reductions have created a booming economy. He said the nation’s businesses are thriving and that the market is “roaring. ” The event was billed as a celebration of Main Street’s revival under
